Godrej Properties Secures 14-Acre Land in Kharadi-Wagholi for Premium Housing Development
Godrej Properties Ltd. (GPL) has acquired a 14-acre land parcel in the strategic Kharadi-Wagholi area of Pune, with plans to develop premium group housing. The project, expected to generate INR 4,200 crore, will cater to the growing demand in one of Pune's most sought-after residential corridors.
Godrej PropertiesKharadiwagholiReal EstatePunePremium HousingReal Estate PuneJun 02, 2025
The development on this land will primarily consist of premium group housing, with a developable potential of approximately 3.7 million square feet. The project is estimated to generate a revenue potential of around INR 4,200 crore, reflecting the strong demand and growth potential in the region.
The land parcel is strategically located near major commercial hubs in Kharadi, Pune, offering residents easy access to essential amenities such as schools, hospitals, malls, restaurants, and premium hotels. Additionally, the site is in close proximity to the Chhatrapati Sambhaji Maharaj International Airport, further enhancing its appeal to professionals and families.
The Kharadi–Wagholi micro-market has emerged as a key residential corridor in Pune, driven by its proximity to major IT and business hubs, improving infrastructure, and growing social amenities. The region has seen a significant rise in demand from a growing professional workforce, making it a high-growth market and a crucial driver of Pune’s real estate expansion.
Gaurav Pandey, MD & CEO of Godrej Properties, commented, “Kharadi – Wagholi is one of the most sought-after destinations in Pune, and we are excited to mark our entry into this micro-market. This acquisition aligns with our strategy of strengthening our presence across key micro-markets in India. We are committed to building a high-quality development that will create long-term value for its residents.”
Godrej Properties Ltd. (GPL) is a leading real estate developer in India, known for its commitment to quality, innovation, and sustainability. With a strong presence in major cities across the country, GPL continues to expand its portfolio with strategic acquisitions and developments that cater to the evolving needs of the market.
All figures are based on current business assumptions.
Frequently Asked Questions
What is the size of the land parcel acquired by Godrej Properties in Kharadi-Wagholi?
Godrej Properties has acquired a 14-acre land parcel in Kharadi-Wagholi, Pune.
What type of development is planned for the 14-acre land parcel?
The land will primarily be developed into premium group housing.
What is the estimated revenue potential of the project?
The project is estimated to generate a revenue potential of around INR 4,200 crore.
Why is the Kharadi-Wagholi area significant for real estate development?
Kharadi-Wagholi is significant due to its proximity to major IT and business hubs, improving infrastructure, and growing social amenities, making it a high-demand residential corridor in Pune.
Who is the MD & CEO of Godrej Properties Ltd.?
Gaurav Pandey is the MD & CEO of Godrej Properties Ltd.
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